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News Breaks | | | | December 3, 2012 | | 06:32 EDT |  | AAPL, PTR, XOM | U.S. passes China with more of world's biggest stocks, Bloomberg reports
U.S. firms are displacing China from the world’s 500 biggest stocks faster than at any time in the past decade, thanks to an improving U.S. economy and as investor confidence in free markets wins out over equities offering twice the profit growth, reports Bloomberg. U.S. corporations now make up 171 of the top 500 with a market capitalization of $10.6T, or 40.3% of the total, compared with 159 valued at $8.24T in 2009, according to Bloomberg data. Reference Link | |
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